The investigation into the governor of the Latvian central bank has put the last country to have entered the eurozone under the spotlight. EURACTIV publishes a four-part series looking at the ‘Switzerland of the Baltic states’.

Money laundering, corruption, financing of terrorist activities and murder: the Latvian finance sector should be giving the European institutions cold sweats. The ECB and the European Commission are careful to avoid the subject, about which the European Parliament and the United States are the only ones trying to make things happen.

While parliamentary elections are expected on 6 October, the chaos in Latvia also illustrates the EU’s weakness in the face of Russian influence.

Having been put under investigation for corruption at the end of June, the governor of Latvia's central bank is the third member of the ECB governing council to have been implicated in murky deals over the past year. EURACTIV France reports.

Latvian bank Rietumu has been hit with a fine of €80 million by French judges for having laundered hundreds of millions of euros. EURACTIV France reports in the second part of its Special Report on Latvia.

Murder, wire-tapping in a sauna and bribes: the corruption case involving the central bank of Latvia resembles a real Baltic thriller. EURACTIV France reports with a third article in our series on Latvia.

The fight against corruption is one of the key campaign issues for the Latvian parliamentary elections on 6 October. However, the strange cabals, which are likely driven by Russia, are tending to tarnish the entire political class. EURACTIV France reports.

The author should feel shame in this diatribe filled with inaccuracies starting with the first sentence. Latvia is not the last country to enter the Eurozone.

I urge you to visit Latvia. I have lived here from 2012. There is no chaos here. Rimsevics, the President of the Bank of Latvia was investigated in February on corruption allegations. The matter is under investigation, but there are no indictments. In June Rimsevics request time to prepare his response to allegations and claims his innocence.

Banks in Latvia have been used to launder large sums of money, but so have banks in Germany, the UK, France, and elsewhere. Where this author talks about murders, chaos, and terrorism the reality is that Riga is one of the calmer spots in the EU.